FRMEP
Price:
$25.5282
Market Cap:
$2.58B
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquarte...[Read more]
Industry
Banks - Regional
IPO Date
2020-08-18
Stock Exchange
NASDAQ
Ticker
FRMEP
According to First Merchants Corporation’s latest financial reports and current stock price. The company's current PE Ratio is 6.70. This represents a change of -42.48% compared to the average of 11.65 of the last 4 quarters.
The mean historical PE Ratio of First Merchants Corporation over the last ten years is 13.58. The current 6.70 PE Ratio has changed 4.84% with respect to the historical average. Over the past ten years (40 quarters), FRMEP's PE Ratio was at its highest in in the September 2017 quarter at 21.46. The PE Ratio was at its lowest in in the June 2023 quarter at 6.87.
Average
13.58
Median
13.31
Minimum
9.83
Maximum
19.75
Discovering the peaks and valleys of First Merchants Corporation PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 28.76%
Maximum Annual PE Ratio = 19.75
Minimum Annual Increase = -46.27%
Minimum Annual PE Ratio = 9.83
Year | PE Ratio | Change |
---|---|---|
2023 | 9.83 | -7.98% |
2022 | 10.68 | -2.58% |
2021 | 10.96 | -19.45% |
2020 | 13.61 | 4.67% |
2019 | 13.00 | 22.54% |
2018 | 10.61 | -46.27% |
2017 | 19.75 | 4.37% |
2016 | 18.92 | 28.76% |
2015 | 14.69 | 7.22% |
2014 | 13.70 | -9.51% |
The current PE Ratio of First Merchants Corporation (FRMEP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
10.49
5-year avg
11.62
10-year avg
13.58
First Merchants Corporation’s PE Ratio is less than Heartland Financial USA, Inc. (34.07), less than OceanFirst Financial Corp. (11.46), less than Old National Bancorp (13.20), less than Old National Bancorp (13.20), less than United Community Banks, Inc. (17.46),
Company | PE Ratio | Market cap |
---|---|---|
34.07 | $2.84B | |
11.46 | $1.17B | |
13.20 | $6.75B | |
13.20 | $6.70B | |
17.46 | $2.85B |
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